Office
Scalable Class A, 384 KSF Office Planned for Tempe Park
Metro Commercial Properties and USAA Real Estate have announced the next phase of high-rise office development in Tempe, Ariz., and the firms plan for a Class A office tower, dubbed Fountainhead Park Summit, of up to 14 stories and totaling up to 384,300 square feet.
Penzance, Invesco Get $94M Construction Financing for 280 KSF D.C. Development
Ground has broken on the trophy office project at 3001-3003 Washington Blvd. in suburban Washington, D.C., and Penzance and Invesco Real Estate have just gotten their hands on $94 million in construction financing for the 280,000-square-foot destination.
$65M Mixed-Use Dover Landing Project in New Hampshire Moves Forward
Dickinson Development Corp.’s Dover Landing, an upscale mixed-use project that will sit along the Cocheco River in Dover, N.H., has been given the thumbs-up on the revised plans for the $65 million endeavor.
PREA: 2012 CRE Returns Will Rise to Nearly 10 Percent
Commercial real estate firms expect the future of the U.S. commercial real estate market to continue to shine, as indicated by the results of the Pension Real Estate Association’s latest Consensus Forecast Survey: Survey participants in May anticipate full-year 2012 returns of 9.6 percent.
Indianapolis Sees Construction Kick Off for 81 KSF Spec Office Space
Sourwine Real Estate Services is preparing for construction on Indianapolis’ first spec office project since 2008, an 80,699-square-foot, Class A property in the city’s Keystone area.
Hines Sells 461 KSF Colorado Corporate Center to Westfield Capital Partners
The four-building, 461,438-square-foot Mountain View Corporate Center will change hands, as Hines has sold the Class A office development to Westfield Capital Partners.
FEMA Funds New Orleans SPCA Facility with $8M
By Eliza Theiss, Associate Editor The Federal Emergency Management Agency (FEMA) has announced close to $8 million in consolidated funding to the Louisiana Society for the Prevention of Cruelty to Animals (SPCA) for a new animal control facility. The old Louisiana SPCA center was located at 1319 Japonica St. and sustained extensive damage during Katrina. […]
East Side Office Portfolio in Foreclosure
By Adrian Maties, Associate Editor In 2007, Gotham King Fee Owner L.L.C., a joint venture of Gotham Realty Holdings of New York and Beachwood developer and broker Donald King, paid $140 million for nine office buildings in the eastern suburbs of Cleveland. The joint venture acquired the Gotham King portfolio from Duke Realty Corp., an […]
Perceptive Software Inc. and FMH CoreSource Announce Plans to Relocate
By Gabriel Circiog, Associate Editor Perceptive Software Inc., a Lexmark company, has announced plans to relocate from its headquarters at Shawnee Mission Parkway and Kansas Highway 7 to Lenexa City Center. The company, which indicated that it has outgrown its current location, submitted its proposal to Lenexa officials, The Kansas City Business Journal reports. According […]
Alexandria Signs 187 KSF of Life-Science Office Leases Near Boston
Metropolitan Boston continues to bustle and Alexandria Real Estate Equities is profiting from the activity, having just closed six leases totaling approximately 187,000 square feet at its Alexandria Park at 128 complex in suburban Boston’s Route 128 submarket.